Binomo, a well-known trading platform, began operations in 2014 in India, Indonesia, China, and Brazil, among other nations. Potential traders can trade over 70 different assets on the site.
Aside from the lowered restrictions, the trading platform offers a multitude of advantages. A $1,000 trial account and various deposit bonuses are only two of the elements that will assist you in getting started with trading. Those who want to trade on the go can take advantage of their excellent customer service.
To provide a comprehensive study and assessment of Binomo, we’ve integrated the platform’s advantages, disadvantages, and efficient operating methods to provide a great trading experience.
Here is why Binomo is a great option for both beginners and experienced traders:
Assets Offered by Binomo
Binomo’s asset selection is comparable to that of other online trading platforms. At the highest account level of trading, investors have access to over 70 different assets covering a wide range of asset categories.
While simultaneously trading on numerous assets, investors must determine what they are familiar with and have extensive understanding of. Commodities, currency pairings, financial indices, and stock are among the assets offered by Binomo.
Binomo has four different sorts of accounts (Demo, Standard, Gold, and VIP) each with its own set of advantages:
Beginners, those with minimal savings, or those who wish to familiarise themselves with Binomo’s operations before investing a significant sum of money should use the standard account.
With only $10, investors may have access to most assets, including GBP/JPY, EUR/GBP, USD/NOK, BCH/USDT, Litecoin, Microsoft, McDonald’s, AIG, PayPal, Boeing, JD, AEX, CAC Vodafone, IBM, Silver, and Coca-Cola.
Furthermore, these assets have an 85 percent return on investment, and you may withdraw your capital in as little as three working days.
A Gold account is one step above a Standard account. The client must deposit a total of $500 or more into their account to qualify. It isn’t necessary to make a one-time deposit. Binomo provides investors with access to a variety of publicly traded financial assets.
USD/DKK, GBP/CHF, Oil, Twitter, Nvidia, Yum Brands, Intel, Starbucks, Visa, Weibo, Qualcomm, JPMorgan Chase, and Ferrari are among the assets.
The funds may be withdrawn within 24 hours, plus there is a 5% weekly payback. Additionally, the trader may be eligible for enhanced compensation and analytical assistance.
A VIP account is required for investors with significant investment capital and exceptional trading skills. It has a $1,000 minimum deposit requirement and offers a wide range of financial assets, including EUR/HKD, EUR/CHF, EUR/AUD, GBP/AUD, CAD/CHF, Apple, Alibaba, Netflix, Facebook, Tesla, CitiGroup, Yandex, and eBay.
VIP account members get access to assets with up to 90% profitability and withdrawals of the needed capital in less than 4 hours, as well as a 10% weekly cash-back. It also offers deposit bonuses of up to 100% on your first deposit.
Regardless of whether you have a VIP account or not, Binomo allows you to initiate trades for as little as $1 and requires a minimum deposit of $10. As a result of the minimal deposit requirement, Binomo may prove to be an excellent trading platform.
Types of Trades
Expiry times for trades range from 1 to 60 minutes. Binomo allows for continuous trading. The market is available 24 hours a day, seven days a week, allowing investors to trade whenever they choose, including on weekends, making it unique among online trading platforms.
Is Binomo a certified company?
Binomo has been a Category A member of the International Financial Commission since 2018. (IFC). The IFC is a non-profit organisation dedicated to financial market regulation, and Binomo’s status as a regulated and Category A member underlines its reputation.
The International Finance Corporation (IFC) maintains a compensation fund for all of its members, which is advantageous to traders. This implies that traders will be insured up to €20,000 if an unanticipated occurrence damages Binomo trading and as a result funds are affected.
This precaution guarantees that traders’ funds are safeguarded. In other words, Binomo understands the value of their assets. In addition to being an IFC Category A member, Binomo is FMMC certified.
The IFC’s VerifyMyTrade section audits the platform on a regular basis. Binomo’s brokerage integrity is certified by these regular audits, as well as their independent certification.
Bonuses are abundant at Binomo
Several brokers provide incentives and promotions for your initial deposit. Bonuses, on the other hand, are available via the Binomo platform’s cashier area. Tournaments are held on a regular basis on the site, with each one catering to different account levels.
Admission prices range from free to $30, depending on the level and type of competition. The prize pools for the events range from $300 to $40,000. As previously mentioned, there are additional advantages available at the Gold and VIP membership levels.
Where to Start?
If you’re an iOS user, you can get the Binomo app from the Apple Store, and Android users can get it from the Google Play Store. One feature of the app that is not available on the online platform is the ability to get alerts.
As a result, it is important to download the app to your mobile devices since alerts can help you by alerting you to market changes and telling you when specific transaction preconditions are completed.
To begin your trading journey, go to Binomo’s website or download the app.
You can create an account by selecting “Sign Up.”
You’ll receive a confirmation email to your account after you’ve finished your registration. Verify your email address and join Binomo as a full member.
Before investing on the platform, the investor must assess their financial capability and financial market expertise.
A new investor must first learn how to trade using Binomo’s sample account and training materials, whilst experienced investors may use the website to learn about market techniques.